ASSET PROTECTION AND DIVORCE STRATEGIES - HELLS ANGEL STYLE!

Readers will remember the story of Susan Crossley, the so-called career Divorcee who had gained £18million form her last 3 divorces. She was suing her latest husband, Stuart Crossley, for half of his £45million fortune - despite only being married for 14 months and having signed a "Pre-Nup" saying she would seek nothing fom him!

I am happy to report that apparently for once the courts have done the decent thing and told her they will enforce the Pre-Nup - which is not normally protected under UK law. One for justice and right I am happy to say.

The only thing we need now is for the McCartney divorce judge to see some sense and tell the one legged wonder where to "hop off!"

On the point of Asset Protection - ever dear to my heart- I read that the wife of a Hells Angel believed her husband operated in a "cash universe" with a multitude of suspicious cash transactions. The wife alleged that their standard of living showed her husband had earned further cash than he had declared in their divorce proceedings. In a court ruling the judge noted that some of the husbands business dealings were highly unconventional - I suppose as you would expect from a Hells Angel who owns a chain of clothing stores - and indeed while the judge expressed concern over the truthfulness of some of the husbands evidence the husband had not received unreported cash.

The judge acknowledged the husband had friends and associates who were prepared to often lend him money in large sums often without security! Included in the "unusual" transactions were an unsecured loan for $500,000 and a cash payment of $28,000 for the balance of a Leased car! During the divorce the husband sold 3 watches worth $54,500! The judge ruled that the task of trying to determine the asset value of the husband was made more difficult because a number of his business transactions were conducted in "unconventional ways" including large cash payments, a company paying the personal debt of a shareholder, the husband not cashing company paycheques.

I often say that if you play by "the rules" you commit suicide. This Hells Angel certainly displays the benefits of a "fully rounded" education, the sort regrettably too few men learn! He did not play by the accepted rules and as a consequence the court had difficulty assessing his asset value! Congratulations! Men everywhere take note, waken up, and don't play by the rules; hide your true asset value, don't be afraid to deal in cash, it doesn't leave records and trails for dealings and can keep women and their lawyers and the courts guessing!

Asset Protection strategies in divorce start with confidentiality. They continue by not playing by the rules, your wife's, the courts' or anyone elses except your own! Protect your assets and you will protect your ass!